With the housing market as it stands, securing mortgages in NZ has been an exercise in persistence for many people. Going it alone can be really stressful, especially when you consider that getting a mortgage is only one part of securing the home of your...
House co-ownership, or property sharing, offers an alternative path to homeownership that is becoming more common in New Zealand. This option is attractive because it allows individuals to pool finances and share obligations, making it more feasible to secure a mortgage. But how does co-ownership...
In a property market where housing affordability is a major consideration, government-led initiatives such as KiwiBuild offer some hope for first home buyers struggling to get onto the property ladder. By providing well-designed, quality homes at prices that are within reach, KiwiBuild helps make the...
Refinancing your mortgage is a strategic decision that could save you money, provide greater financial flexibility, and help you reach certain financial goals. Before deciding to refinance, it’s important to understand when it makes sense to do so, what to consider, and how to navigate...
Buying a beach home is a dream many Kiwis share. Before diving into beachfront home ownership though, it's important to approach the decision with careful consideration and a strategic plan. Here’s a closer look at some of the key factors to think about when buying...
Buying a first home is an exciting milestone, but it comes with the challenge of saving up for a deposit. In New Zealand's dynamic property market, saving a big enough deposit can make all the difference when it comes to getting a home loan approval...
Maintaining debt at a manageable level is important when applying for home loans NZ, as debt-to-income ratio (DTI) rules on mortgage lending could make it harder for first home buyers and existing homeowners to secure finance. The DTI ratio is used by some lenders to...
When it comes to applying for a mortgage in New Zealand, credit score is one of the most important factors that lenders use to decide whether or not to approve a mortgage application. Determined by credit history, credit score is an indication of how well...
Mortgage refinancing can be a smart financial move for homeowners looking to lower their interest rates, access equity, consolidate debt, or adjust the terms of their home loan. While you may have to jump through a few extra hoops to get mortgage refinancing with bad...
For first home buyers, transitioning from renting to owning a home can feel overwhelming, while getting onto the property ladder in New Zealand is not without its challenges. It’s helpful to know the top reasons to buy a first home instead of continuing to rent,...
